Chase Sapphire Reserve Downgrade Preferred

Downgrading to a no fee chase card another option is to downgrade your chase sapphire reserve to a different chase card that has no annual fee the chase slate the chase freedom no longer open to new applicants or the chase freedom unlimited.

Chase sapphire reserve downgrade preferred.

That s 1 000 toward travel when you redeem through chase ultimate rewards. This way you can save 95 a year by not having to pay the sapphire preferred annual fee. However if you downgrade a chase sapphire reserve or preferred card to a chase freedom or freedom unlimited card you will lose the ability to transfer those points to hotel and airline partners unless you have another fully transferable ultimate rewards earning card like the ink business preferred credit card. I first picked up a sapphire preferred back in 2013 and downgraded it to a freedom in 2017 when i got a reserve.

It s been back in my wallet and staying put. Earn 80 000 bonus points after you spend 4 000 on purchases in the first 3 months from account opening. Folks like reader shirley who have the sapphire preferred and sapphire reserve cards can consider downgrading the sapphire preferred to a no annual fee card. I downgraded my reserve to a preferred and i m keeping it that way i still think the chase sapphire preferred is one of the single best overall cards on the market.